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Indicator for evaluation of trading strategies

Many of us have often wanted to see in a visual way where a certain trading strategy has its flaws. And if we could see the objective trading statistics at the same time it would be really great.

There is a backtester in MT4 but running a backtest in a visual mode for each change in the EA takes a lot of time. Also, its visual capabilities are quite limited. Then, you cannot test multi-currency strategies with it, at least not in an efficient way.

I have tried to address all of these issues and the result is this open-source indicator for visually testing trading strategies. Of course it is not possible to make a completely universal indicator for all the purposes but the current framework can be easily modified and expanded for specific needs (like multi-currency).

MT4 Indicator Download – Instructions

[post-title] is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.

[post-title] provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly.